Australia’s Weak Sentiment, Wage Growth Spur Rate Bets

Australia’s Weak Sentiment, Wage Growth Spur Rate Bets

Brendon Thorne/Bloomberg

A woman carrying a shopping bag stands at the Pitt Street shopping mall in Sydney. Consumer confidence stagnated as concern about the global economy and higher mortgages costs countered the central bank’s deepest rate cut in three years and government cash handouts.